Download MetaTrader 5

AUDUSD, 31 March to 04 april 2014

To add comments, please log in or register
Read the interviews of the Automated Trading Championship participants
Dian Kemala
322
Dian Kemala 2014.03.30 01:06 
very nice uptrend channel already perform from january 27.
a good target is fibonacci 261.8 and 127.2 at 0.9341
if the price bounce, 0.9111 will be stong support level. Trend change if the price channel break down
AUDUSD, 31 March to 04 april 2014
Young Ho Seo
15810
Young Ho Seo 2014.03.30 06:04  
DianKemala:
very nice uptrend channel already perform from january 27.
a good target is fibonacci 261.8 and 127.2 at 0.9341
if the price bounce, 0.9111 will be stong support level. Trend change if the price channel break down

Similar to my own analysis. Good..... Just one question. Why not 38.92% fibo level (i.e. 0.9190) might be strong support instead of 61.8% level?

Dian Kemala
322
Dian Kemala 2014.03.31 02:50  
as we can see from this picture,. 38.2% is no price zone,.. but in around 50 and 61.8 its previous resistance and it will become support level. and also 61.8 are support level of channel up trend pattern
resistance become support
To add comments, please log in or register